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Coronavirus: Small recession with 80% GDP drop
  • Vitaliy_KiselevVitaliy_Kiselev

    Average GDP drip for each day of "social isolation" is 60-90%. The mroe strict it is - the larger the drop.

    Moderns workers have mostly record debts and lack of savings, so next thing can be collapse of food shops, until we'll see rationing.

    Number of people who will suffer and die can be 100x compared to coronavirus.

    Lack of migrants and workers and total uncertanity can also hit very hard farmers and all real food industry, so at summer you will have big food shortages.

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